Lennar Falls as Q3 Profit Halves to $284M and Margins Shrink
Lennar reported Q3 2026 net income of $284 million, down 52% YoY, as 6.8% mortgage rates forced builder incentives and squeezed gross margins to 15.8%.
lennar
Lennar reported Q3 2026 net income of $284 million, down 52% YoY, as 6.8% mortgage rates forced builder incentives and squeezed gross margins to 15.8%.